Sep 29, 2010 6:00am EDT
tax cuts. you question about the problem. i don't want to use the word, problem because it's a choice of chat the government should be relative to the thing that's different going forward is the high share of spending. as we've written to population aging, changing and health as spkts of the government's budget. >> that's an important point to keep in behind. dealing with reality as it's coming at us the government will go from 20% of g.d.p to 24 percent of g.d.p. that's in large part the driverer of the gap that's causing the deficit and debt that's going to bankrupt the country. this debate over taxes is really new jersey my opin in my opinion a bit of a straw dog debate. as you pointed out, 75 to 80 percent of revenues will not be received because we're not going to pay taxes because everybody greece those taxes won't be raised so it really is this whole tax thing in my opinion is really not what we should be focusing. we should focus on the growth of this government from 20-24 percent and how to get that back into control under an imaginable number considering the revenue base. i
Sep 4, 2010 2:00am EDT
him lessons that then he goes on to use to great effect later. host: political oper tunist? guest: yes. host: yoo license is s. grant? guest: he is considered one of the highest oper tunists and because of that he gets thrown out, because he really didn't have any political experience before he became president. so is his breath number, the number of positions he eserved end up way outside the norm. host: harry trueman. guest: trueman is one of those interesting things. as i recall, i would have to go back and look at my data. but as i recall he is actually an oper tunist, but it's because he served sort of short term in many of his underlying positions. host: barack obama. guest: he is officially not. but there was one from the 2008 election that actually had one of the highest scores. certainly higher than president clinton. host: why? guest: because he had run for more offices in a short period of time, where as senator clinton, at the time i counted her first lady experience as essentially one position, eight years. so that essentially disadvantages her. host: with barack obama, di
Sep 3, 2010 2:00am EDT
needed that becomes too big to fail. the bill doesn't give us the authority but it does give us the authority if we despair of these other methods that we believe the firm in size and complexity is dangerous we have both of the living will requirement but also the authority regulators collectively to break up firms. i don't know the answer to that question. that is the charge congress has been -- given the regulators and we take seriously that charge. we put in place some reasonable approaches, but i appreciate your historical perspective which says over the long run you have to take into account the political influence of these large institutions. >> in terms of the will of the institutions themselves, there is a division in american industry. some industries have adopted levels of self regulation, in depth, an acceptable behavior for instance nuclear power industry has developed impressive processes. best practice and enforcement, on the other hand. they had just seen one of the manifestations. the financial community or nuclear power industry or more like deepwater drilling.